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20110701
20110731
Search Results 0 to 12 of about 13 (some duplicates have been removed)
today, it's about politics, too. at issue, whether big spending cuts should be locked in before the government is allowed to borrow more money to pay it bills. president obama held his second news conference in a week tells you the biggest headline. there is no deal. so the politicians from the president on down are trying to prove they're the one most looking out for you. >> it would be very helpful for us to be able to say to the american people our fiscal house is in order. >> the president wassed a today month that it's impossible to get a deal unless and until the republicans agree to raise some taxes. in turn, republicans say that before he spends anymore time lecturing them, she stop giving press conferences and put his proposals down on paper. but in the hunt for specifics, it is crystal clear the president is not ready to take the lead. >> if they show me a serious plan, i'm ready to move. even if it requires some tough decisions on my part. >> a lot of questions tonight about where this is heading and how it will impact you. the president's initial deadline, tonight, w
in it that's pretty -- it's sort of outlined but not detailed in legislation and has a big, big dollar figure around it. so, sort of the big plan. passing that along with a debt ceiling as sort of a big theory option instead of this mcconnell/reid plan, but it's so vague, as you can tell, and nothing that i have as any sort of firm plan, just, like, something that's sort of out there in the ether, they just don't have a plan at this point, no one does, john. >> it sounds like, and some people at home are saying, my god, there they go into washington speak again. i'll try to simply phi it. they are trying to fit certain pieces together to get you to several trillion in deficit reduction and that seems to be where we are, a bunch ideas. i'll go over to the wall a little bit, because jess talks about the mcconnell plan, that would give the president the authority to raise the debt ceiling and maybe they would come up with a commission with spending cuts. that's one backup plan. another backup plan is the gang of six. and i want to bring up the gang of six yesterday we talked about that. they hav
that and in exchange for some minor tweaking of medicare, but nothing that really gives the republicans too big a win on that issue. and they would also argue, to gloria's point earlier, that you actually need this. this is not just a win for democrats, you need it because you need democratic votes to get this through because you're going to lose so many republicans who simply won't vote to extend the debt ceiling under any circumstances. so that's the calculus if you went with the middle deal, there would be an entirely different math for a tax reform package if you went with that larger deal that's more in the $4 trillion range. >> the irony here to me is that a larger deal would in many ways be easier to cut because it's so obvious what you would have to do. if you do a smaller deal, then you have to have eric cantor lay out by piece by piece by piece, cut by cut, by cut, what he would do if you don't have the revenue side of it. >> but to get the bigger deal, you need trust that they would actually then do comprehensive tax reform, rewrite the code so the republicans would make the case we didn't
said it was going to -- said it was going to. here's why it's such a big problem. because of speaker boehner, he said there's one major principle, you'll remember, jessica, as they moved forward to raise the debt ceiling, that the amount of the cuts be greater than the amount they raised the debt ceiling. and in this legislation right now is called for raising the debt ceiling by $900 billion, $850 billion, is less than $900 billion, so know that's a problem. policy aides are scrambling to try to rewrite the legislation to make their way forward. we know they're aiming for a vote tomorrow, but we don't know if they can promise it quite yet. we got a speaker from speaker boehner's spokesman, this coming from michael steele, in response, in reaction to the cbo, michael steele said we're here to change washington, no more spoke and mirrors or phantom cuts. we promised we'd cut more than the debt ceiling. as we speak, congressional, are looking at options to rewrite the legislation to meet our pledge. this is what can happen when you have an actual plan and submit all it really seemed to
. hi honey! ♪ h-o-t-w-i-r-e... ♪ hotwire.com >>> no progress reported tonight on the big deficit reduction talks at the white house. with that, this warning tonight from moody's investor service. the federal government could lose its top of the line credit rating if the white house and congress can't agree on a plan to increase the nation's debt ceiling, meaning allow washington to borrow more money to help pay its bills. that warning came just a few hours after this sober math lesson from the fed chairman ben bernanke. since the government borrows 40 cents of every dollar it spends, a fall you'ilure to increase washington's credit limit would require a 40% cutback in spending. >> significant cuts in social security, medicare, military pay, or some combination of those in order to avoid borrowing more money. >> now that sounds ominous, but some conservatives think the catastrophe scenarios are exaggerated. >> if congress fails to raise the debt ceiling by $2.5 trillion, that somehow the united states will go into default, and we will lose the full faith and credit of the united s
has to go that, would have a big devastating impact on assad. there is a sense in washington that not only is assad not going to reform, but the opposition is toughening up. yes, it's not united, but is persistent as every friday. soon not far away in august comes ramadan. during ramadan in august, every day is a friday. >> i realize these sort of repeated warnings from the u.s. give heart to the protestors, send signals to our allies in the region. i wonder if there is any down side to repeated warnings that don't have an "or else" to them. >> that is an interesting question. my sense of what's been reported out of the state department, they are reluctant to get specific to say assad must go because they do not think they have the capacity to get him out of there. they don't want the united states looking like a paper tiger with regard to syria. we had enough problems trying to get gadhafi to go. right now i think the united states is in a waiting game, trying to toughen sanctions, harden up the rhetoric, seeing if others will join and recognizing these protestors are not go
the c. and he appeared to be picking up the votes. lesson to shawn duffy. >> is this as big as we wanted to go? heck, no. we wanted to go bigger. we ran on going bigger. but this is the only proposal on the table that accomplishes the goals that we set out to do. >> progress but apparently and this is why we have such a drama unfolding on capitol hill, not enough progress. the speaker is still short the votes. he's delayed the key vote, a key vote to not only if you are sitting at home, maybe you think the debt ceiling should be raised, maybe you should, it's a fundamentally important political showdown, some people think the speaker's hold on his job could be in jeopardy if he loses this vote. let's go to kate bolduan, do they believe they can twist enough arms to get enough votes to pass this tonight? >> reporter: fabulous question this evening and one that is very hard to answer at this moment. i can tell you, let me just give you the lay of the land what you can probably see a little bit of, john, you were talking about the speaker's office, it's right down the hallway, what we're se
Search Results 0 to 12 of about 13 (some duplicates have been removed)

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